Tri Marine

What Tri Marine does

Tri Marine is a vertically integrated tuna supply company founded in 1972 and headquartered in Bellevue, Washington, with operations spanning the global tuna value chain — from fishing through processing to distribution of finished goods. The company owns and operates 16 fishing vessels across two primary fleets (National Fisheries Developments in the Solomon Islands with five purse seine and two pole and line vessels, plus the Atunera Dularra/Spanish-Ecuadorian fleet) and three processing plants (Seafman in Manta, Ecuador; Gralco in Barranquilla, Colombia; SolTuna in Noro, Solomon Islands), trading over 10% of the global tuna catch annually. Tri Marine serves major tuna brands and processors across Europe, the Americas, and Asia-Pacific with a product portfolio spanning four raw material species (skipjack, yellowfin, bigeye, albacore), processed cooked and raw loins, ultra-low-temperature sashimi-grade tuna frozen at -60°C, and shelf-stable retail and foodservice finished goods. Its branded portfolio includes SolTuna Premium, Solomon Blue, and Alamar (the second most consumed tuna brand in Colombia).

The company's technical infrastructure includes proprietary electronic monitoring systems (developed in partnership with FlyWire), the Star Loader refrigerated container logistics system at Noro, and automated fish handling systems aboard the next-generation Solomon Diamond purse seiner, supported by chartered refrigerated carriers and a Maersk Line container shipping partnership. Tri Marine holds an industry-leading certification portfolio, including the world's first multi-gear MSC tuna fishery certification (2019), the first ISO 22005:2007 traceability certification for a tuna trading company (2022), ISO 9001:2015, BRCGS Agents and Brokers (2024), and Fair Trade USA certification for Solomon Islands yellowfin and skipjack. The business operates as a B2B enterprise supplier with transactional, negotiated pricing based on species, grade, volume, and sustainability certifications, distributed through direct sales relationships and 12 regional offices across the US, Latin America, Europe, and Asia-Pacific. Since July 2019, Tri Marine has been wholly owned by Italian conglomerate Bolton Group and operates as part of the Bolton Food & Tri Marine integrated business unit, which has combined turnover of €3.2 billion across 150+ countries.

Name

Tri Marine

Legal name

Tri Marine Management Company, LLC

Website

https://trimarinegroup.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tri Marine is a vertically integrated tuna supply company that fishes, processes, and distributes raw materials, loins, and finished tuna products to major global brands and processors across Europe, the Americas, and Asia-Pacific, operating 16 vessels, three processing plants, and trading over 10% of the global tuna catch.

Ownership category

akta.pro rank

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Tuna Raw Material Sales: Supply of whole round tuna (skipjack, yellowfin, albacore, bigeye) to brands and processors, ranging from canning grade to sashimi quality.
2. Tuna Loins (Precooked and Frozen): Production and sale of cooked loins (skipjack, bigeye, yellowfin, albacore) and raw frozen loins to canning facilities and tuna steak markets.
3. Finished Goods (Cans, Pouches, Jars): Shelf stable cans or pouches in consumer packaged or food service sizes, including MSC certified options, for retail and foodservice customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Tri Marine is a vertically integrated tuna supply company operating from fishing to processing to global delivery. The company supplies whole round raw tuna (skipjack, yellowfin, bigeye, albacore), precooked and raw frozen loins, ultra-low temperature sashimi-grade tuna, and finished canned and pouched tuna products for retail and foodservice customers worldwide.

Product overview

Tri Marine is a tuna supply company offering a vertically integrated portfolio from raw material to finished goods. Core products include raw material (skipjack, yellowfin, bigeye, and albacore tuna) available from canning grade to sashimi quality; processed loins (cooked, raw, and ultra low temperature frozen at -60°C for sashimi markets); and finished goods (retail and food service cans, pouches, jars, and multi-packs). The company operates processing facilities (Seafman in Ecuador, Gralco in Colombia, SolTuna in Solomon Islands) and fishing fleets (NFD in Solomon Islands, Garavilla in Eastern Pacific). Branded products include SolTuna Premium, Solomon Blue, and Alamar. Technology services include electronic monitoring systems for vessels and the Star Loader logistics system. All products emphasize full traceability from vessel to finished goods.

Differentiator

Problem solved

Functional benefit

Brands

• SolTuna: Premium tuna brand from Solomon Islands processing plant, sold in cans and pouches
• Solomon Blue
• Alamar

Products and services

• Skipjack Tuna Raw Material

Quantifiable outcome

• Over 10% of global tuna catch traded through Tri Marine supply chain
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Pacific Community (SPC)coreStrategic or Co-development Partner · 8 June 2024Partnership to quantify stranded FADs and study their potential impact on ecosystems in the Western and Central Pacific region. Collaboration on FAD recovery and marine pollution reduction initiatives.
• WWFcoreStrategic or Co-development Partner · 8 June 2024Partnership with Pacific Community and WWF to quantify stranded FADs and study ecosystem impacts in the Western and Central Pacific region.
• TUNACONScoreStrategic or Co-development Partner · 8 June 2024Partnership for retrieving FADs in the Galapagos Islands, with coordinated retrieval missions involving local artisanal fishing associations. FADs are recycled and reused whenever possible.
• Australian Government Strongim Bisnis ProgramminorStrategic or Co-development Partner · 2 October 2023Aid program providing materials and training for the Pikinini Kea Haus childcare center at SolTuna in Solomon Islands. Project made possible through Fair Trade premiums.
• FlyWirecoreTechnology or Integration · 1 August 2023Multi-year partnership for electronic monitoring (EM) technology on distant-water tuna longline vessels. FlyWire provides proprietary EM hardware and software that integrates with existing CCTV systems, reducing costs by 80%. The partnership aims to establish EM programs that generate scientific data while creating value for suppliers and customers through data transparency and ownership.
• DNVcoreImplementation/ SI/ Consulting PartnerCertification body providing ISO 9001:2015, ISO 22005:2007, and BRCGS Agents and Brokers certifications for Tri Marine's global operations.
• Bolton GroupcoreOthersFamily-owned multinational that acquired Tri Marine in July 2019. Bolton operates Bolton Food & Tri Marine as an integrated Business Unit with €3.2 billion turnover, 11,000 employees, operating in 150+ countries.
• Maersk LineminorStrategic or Co-development PartnerPartnership with NFD and Solomon Islands Ports Authority for Star Loader system at Noro, providing refrigerated container shipping services and Maersk Star Cooler containers.
• Solomon Islands Government (Ministry of Fisheries and Marine Resources)coreStrategic or Co-development PartnerGovernment partnership supporting NFD fleet operations and Solomon Diamond vessel launch. Continued support instrumental in fishing operations.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Grupo Calvo: Grupo Calvo is a Spanish vertically integrated tuna company with its own fishing fleet, processing operations, and branded products. It competes directly with Tri Marine in European and Latin American markets with similar raw material and finished goods offerings.
• StarKist Co. StarKist is a leading US canned tuna brand owned by Dongwon Industries. It competes directly with Tri Marine's finished goods offerings including Boltons Alamar brand, particularly in US retail and foodservice tuna markets.
• Bumble Bee Foods: Bumble Bee is a major US canned tuna brand (now owned by Thai Union). It competes with Tri Marine in finished tuna products sold through retail and foodservice channels, particularly in the Americas.
• Chicken of the Sea: Chicken of the Sea is a major US canned tuna brand owned by Thai Union Group. It directly competes with Tri Marine and its sister Bolton Food brands (Rio Mare, Saupiquet) in shelf-stable tuna products.
• Thai Union Group: Thai Union is the world's largest tuna company with vertically integrated operations from fishing through canning (Chicken of the Sea, John West brands). It directly competes with Tri Marine in B2B tuna supply, processing, and branded products across global markets.
• Dongwon Industries: Dongwon is a major Korean tuna conglomerate that owns StarKist (the largest US canned tuna brand). It operates vertically integrated tuna fishing, processing, and distribution, directly competing with Tri Marine in global tuna supply and finished goods.
• FCF Fishery Company: FCF Fishery is a US-based tuna trader and processor with sourcing operations across the Pacific. It directly competes with Tri Marine in the B2B tuna raw material and finished goods supply market, particularly for canning-grade and MSC-certified product.

Others

• Bolton Food: Bolton Food is Tri Marine's sister company within the Bolton Group, operating consumer tuna brands like Rio Mare, Saupiquet, Isabel, and Cuca. While not a competitor (Tri Marine is its supply partner), it represents the demand side of the integrated Business Unit and illustrates the vertical model.

Broad incumbents

• Nissui (Nippon Suisan Kaisha): Nissui is a major Japanese seafood company with global fishing, processing, and distribution operations. It competes with Tri Marine in tuna and broader seafood markets, particularly across Asia-Pacific supply chains.
• Maruha Nichiro Corporation: Maruha Nichiro is one of Japan's largest seafood conglomerates with vertically integrated fishing, processing, and distribution across multiple species including tuna. It competes broadly with Tri Marine in global seafood supply, though tuna is one of many species in its portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC78VDCHnVR_itqjk3ZFnRAA
• LinkedInlinkedin.com/company/tri-marine-group

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tri Marine